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This paper considers the position of the Chinese elite in both national and international contexts. I show that the Chinese elite has converged with the global elite in terms of their incomes, and that many senior Chinese executives are at least as well paid as their counterparts in rich countries. Their insertion into the global elite is further demonstrated by their increasing participation in the World Economic Forum. But this international convergence has been mirrored by national divergence: economic inequality has risen within China, extending the distance between elites and the rest of the population. I show that for top income groups, the relative cost of employing a median wage worker for their personal service has plummeted, increasing their entitlements over labor and thus their capacity to dominate their compatriots. This has been accompanied by a dramatic rise in the reliance of the elite on domestic workers, a traditional symbol of social inequality. Thus the convergence of Chinese elites with their international counterparts has gone hand in hand with both rising economic inequality and rising social inequality within China. [ABSTRACT FROM AUTHOR]

Economic and social transformation of China during the past 40 years is without precedent in human history. While the economic transformation was extensively studied, social transformation was not. In this paper, we use for the first time harmonized household surveys covering the period 1988–2013 to study the changes in the characteristics of the richest 5 percent of China's urban population. We find that it changed from being composed of high government officials, clerical staff, and workers in 1988 to professionals and small and large business owners in 2013. The educational level of the top group increased substantially. Membership in CCP has a positive (albeit small) effect on one's income but is particularly valuable to large business owners. [ABSTRACT FROM AUTHOR]